BITCOIN a 1D MA50 test is quite likely before 100k.Bitcoin (BTCUSD) broke and closed below its 4H MA200 (orange trend-line) for the first time in 2 months (since February 05). Last time such a pull-back off a Higher High took place was on January 12 (orange circle), which confirmed the extension of a short-term correction that found support on the 1D MA50 (red trend-line) and rebounded.
That was a -21.41% decline from the top. On today's sequence a -21.41% repeat would again make contact (or come very close) with the 1D MA50. That could coincide with the Halving event, two weeks from now and would make for a very healthy correction. In our opinion that is the most optimal and low risk level to add more buys for the long-term 100k Target.
But what do you think? Will BTC correct to the 1D MA50 or a rebound from the current levels is more probable? Feel free to let us know in the comments section below!
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Cryptocurrencysignals
NEAR Buy Alert!! 50% - 100% GAIN!! (easy to understandNEAR Protocol is like a special computer system that helps people create and use decentralized apps (dApps) without some of the usual problems that come with blockchain technology.
Here's how it works:
1. Staying Secure with PoS : Instead of using lots of energy like traditional blockchains, NEAR uses a Proof-of-Stake (PoS) system to keep everything safe. This means people who own NEAR tokens help make sure transactions are legitimate and secure by staking their tokens.
2. Getting Faster with Sharding : NEAR breaks down its work into smaller parts called shards. This helps speed up transactions because different parts of the network can work on different tasks at the same time.
3. Quick Confirmations with Doomslug : NEAR has a cool system called Doomslug that quickly finalizes transactions. This means you don't have to wait long to make sure your transaction went through.
4. Talking to Other Blockchains with Rainbow Bridge : NEAR can talk to other blockchains thanks to Rainbow Bridge. It's like a bridge between NEAR and other networks, making it easy to share information and assets.
5. Growing Big with Aurora : Aurora helps NEAR handle lots of users and transactions without slowing down. It's like adding extra power to make sure everything runs smoothly as more people use NEAR.
6. Balancing Speed, Safety, and Decentralization : NEAR makes sure its network is fast, secure, and decentralized all at once. This is important because usually, you have to sacrifice one of these things to improve the others, but NEAR finds a way to balance them all.
7. Easy-to-Remember Account Names and Safety Features : NEAR makes it easy for people to use by giving accounts names that are easy to remember. Plus, it has extra safety features like multiple access keys to keep your stuff secure.
8. Using Smart Contracts and Gas : NEAR supports smart contracts, which are like self-executing contracts that automatically do what they're programmed to do. When you do things on NEAR, like sending tokens or running smart contracts, you pay a small fee called gas. This helps keep the network running smoothly.
9. Paras: A Cool Example : Paras is a digital card marketplace built on NEAR. It lets artists and collectors buy, sell, and verify digital collectible cards easily and securely. It's just one example of what you can do with NEAR.
Here are the recent events they are doing:
NEAR Protocol is rolling out a groundbreaking feature that makes it easier for users to interact with multiple blockchains using a single account. This feature, called Chain Signatures, lets users sign transactions on one blockchain using their NEAR account from another blockchain.
What's unique about Chain Signatures is that it's powered by a decentralized multi-party computation (MPC) network and secured by NEAR's validators. This means users can seamlessly access and interact with various blockchains, including Ethereum, Cosmos, Dogecoin, Bitcoin, and XRP Ledger, with plans for support for additional chains like Solana and Polkadot in the works.
One key aspect of Chain Signatures is its "Multichain Gas Relayer" feature, which removes the need for users to have the native gas token of another blockchain for transactions. Instead, users can use NEAR tokens to cover gas fees across any supported chain, making transactions more convenient and cost-effective.
This development opens up new possibilities for decentralized finance (DeFi) on non-smart contract chains like Bitcoin. Developers can now easily create DeFi products that utilize assets from different blockchains without the need for complex bridging mechanisms.
Currently operational on NEAR's testnet, Chain Signatures is expected to roll out on the mainnet by early May, offering users a seamless and efficient way to navigate the multi-chain ecosystem.
Despite these advancements, NEAR has faced some organizational changes, including a reduction in workforce and the departure of its CEO. However, the project continues to make strides in improving user experience and expanding its ecosystem.
Summary :
NEAR Protocol's Chain Signatures feature makes it easy for users to use their NEAR account across different blockchains. It saves users from managing multiple accounts and lets them pay transaction fees using NEAR tokens, simplifying the process. This feature also empowers developers to create innovative cross-chain applications and ensures transactions are secure and reliable. Overall, Chain Signatures set NEAR apart by offering seamless interaction between blockchains, making blockchain technology more accessible and user-friendly.
Analysis:
I expect NEAR's price to drop between two specific lines as the Bitcoin halving approaches. This dip could be a good opportunity to buy at a discounted price. After that, I'm aiming for NEAR to hit a new all-time high, potentially making a profit of 57% to 98%. This movement might attract interest from big investors or institutions, leading to more trading activity and higher prices. I'm looking for NEAR's price to consolidate or gather liquidity before making a move to higher prices.
PENDLEUSD Strong Buy Signal. Target $12.Pendle (PENDLEUSD) is on a short-term pull-back after the 1D RSI got overbought above 70.00. This is consistent with all previous times the RSI got that overbought but against common sentiment, which would suggest exhaustion of the bullish trend, that was a signal to buy halfway through the Bullish Leg.
As you can see on the two Legs before, that signal emerged at around 50% of the uptrend. As a result, we expect at least $12.000 before the next consolidation.
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BITCOIN hit a record 7 straight green months! NOT APRIL FOOL'S !Yes it is not April Fool's, Bitcoin (BTCUSD) just closed a record 7 straight months of gains for the first time in history. Since it's inception, there hasn't been an exchange where BTC made more than 6 bullish monthly (1M) candles in a row.
What started in September 2023 as merely a hold and bottom formation on the 1M MA50 (blue trend-line), eventually evolved into a record breaking sequence. In fact, Bitcoin has only had 3 red months in the past 15, which makes the feat even more impressive!
Being the lengthiest such bullish sequence in history, doesn't mean that the rally is over. In fact, we can argue that it has only just begun as based on the 1M RSI, which is trading within the 0.786 - 0.618 Fibonacci Channel range, we are on symmetrical terms relative to past Bull Cycles, where the price was on November 2020, February 2017 and February 2013.
We can see that this is an impressive symmetry, and shows that we are at a point far from the cyclical peak. The previous 3 Cycles topped 12, 10 and 10 months from that RSI position respectively. If this continues, we can expect Bitcoin to rally for at least another 10 months before the Cycle peaks and the RSI approaches the Channel Top where we can gradually start taking profit!
But what do you think? Does this impressive 7-month bullish streak still have at least 10-month fuel in it? Feel free to let us know in the comments section below!
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Render (RNDR) is setting up for upto 12.50% pumpHi dear friends, hope you are well and welcome to the new trade setup of Render Token (RNDR) with US Dollar pair.
Previously we caught almost 70% pump of RNDR as below:
Now on a 4-hr time frame, RNDR is about to complete another bullish AB=CD move for the next pump.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
IMX: March 30th, 2024: BullishHi. Hope you're doing ok.
Today's setup is one of the neatest there is out there. Considering the narratives unfolding, GameFi is one of the areas where there is a lot of potential, and ImmutableX is definitely one of the leaders in this field.
The chart is incredibly bullish, and reminds me of Jasmy that I fumbled TBH. I saw a similar breakout and retest in Jasmy before that monstrous rally, but I didn't manage to get an entry. Am I implying that this will do a 200% as Jasmy did? No, honestly! When it comes to big rallies, market cap matters, and for IMX to move 200%, a lot more capital is needed. Each time IMX has rallied, we have seen diminishing results. The first rally recorded 400% while the second was about 110%. My expectation for the 5th impulsive wave is around 70% - 80%, maybe even lower depending on PA at levels of interest.
However, we have bullish break out of a HTF consolidation zone, and sooner than later a rally will probably begin. VWAPs and some major levels are viewed as support for me. EMAs 12, 21 are acting as support as well. Trend is definitely bullish, and a new impulse wave is in the cards IMO.
I have to note that I expect much higher prices in the long run, i.e. a new ATH.
Polymesh (POLYX) completed a setup upto 22% pumpHi dear friends, hope you are well and welcome to the new trade setup of Polymesh (POLYX) with US Dollar pair.
Previously we caught almost 108% pump of POLYX as below:
On a on a 4-hour time frame, POLYX has formed a bullish AB=CD move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
NULS completed a setup for up to 20.50% pumpHi dear friends, hope you are well, and welcome to the new trade setup of NULS with US Dollar pair.
Recently we caught almost 24% pump of NULS as below:
Now on a 4-hr time frame, NULS has formed a bullish Gartley move for the next price reversal.
Buy between: $0.8339 to $0.7920
Sell between: $0.8926 to $0.9547
Stop loss: $0.7920
Possible profit ratio:
As per above targets there is a profit possibility of upto 20.50% a loss possibility is upto 5.50%.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
SOLANA Will it hit $155 or $310 first?Solana (SOLUSD) is trading within a Triangle pattern within a longer term Channel Up on the 1D time-frame. The 1D MA50 (blue trend-line) has been basically supporting since late September 2023 (it only broke once for 4 days in late January 2024) when the previous similar Channel Up started.
That Channel Up also formed a Triangle half-way through and when the price broke to the upside, it peaked on its 1.5 Fibonacci extension. As a result, we will buy in case a similar bullish break-out takes place and target $310. If the Triangle breaks to the downside first though, we will short and target the 1D MA50 at $155.
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ETHEREUM Can $9000 be a minimum target?We haven't looked at Ethereum (ETHUSD) since the start of the year (January 09, see chart below) but it did give us an excellent symmetrical buy opportunity and easily hit our $3000 Target:
We now move out to the 1W time-frame in order to understand where the current 2-week pull-back is positioned relative to the previous Cycle. As you can see, ETH is past a 1W MA50/ 100 Bullish Cross, as well as the first consolidation at the start of the green Channel Up, which during 2020/21 took it to its All Time High (ATH) of $4900.
It appears that we are on the symmetrical pull-back (blue Cup) after the Accumulation Phase's Resistance (Aug - Oct 2020). This can be even more efficiently observed on the 1W RSI, as we see the first strong pull-back within the overbought territory.
The previous Cycle peaked just above the 1.382 Fibonacci extension from the previous ATH. That gives us a Target of $9000 and that's the minimum in our opinion during this new Bull Cycle. The maximum is on the 2.236 Fib extension, measured from the Cycle bottom to the current High. In 2021 it fell practically on the same level as the 1.382 Fib. This time though it is considerably higher at $25000 and that gives us a maximum Target for this Cycle. What this means for us as investors is that, the majority of our ETH will be converted at 9k and we will leave just a few in case we see that 25k extreme.
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The Ripple Effect: XRP/USD ambitious Targets Or Lost AauseAh, the rollercoaster ride of XRP/USD trading since 2021! We may have missed the boat on our buying opportunity, but hey, who doesn't love a good challenge? Hoping for a nice, healthy drawback, we set our sights on a retest of the previous support level at $0.6 before shooting for the stars. But of course, the universe had other plans – cue the resistance at the previous ATH. Classic!
Creating a harmonics pattern, we danced around that $0.6 support, only to break it on our final push to the harmonics pattern TP, sending us tumbling down to the $0.30 levels. What a thrill! Talk about a bullish channel forming right before our eyes.
Now, we're eagerly awaiting that break of the $0.60 support on the lower timeframes. Come on, little buddy, you can do it! Once that's in the bag, we'll be sipping on confidence cocktails as we watch it transform into support once again. But hey, if not, brace yourselves for a plunge to the next structural zone. Yikes!
Dreaming big, we've got our eyes on the $4.00 range. Ambitious? Perhaps. More likely? Well, let's just say we'll settle for reaching that precious ATH – if we're lucky!
Remember, folks, it's all about probability – no trading advice here, just good old-fashioned risk-taking. Dollar-cost averaging is the name of the game, and hey, maybe investing is just a tad bit safer than trading – but where's the fun in that?
Here's to riding the waves of the crypto market – may the odds be ever in your favor!
Keywords: XRP/USD, trading analysis, humorous trading, Ripple effect, support levels, resistance levels, harmonics pattern, bullish channel, targets, risk-taking, dollar-cost averaging, investing, probability, trading advice.
AGIXUSD 2nd phase of the Bullish Leg begins.SingularityNET (AGIXUSD) is having a tremendous rally since the start of the year and after a 2-week pause with red candles, it appears to be resuming the uptrend sequence. That is 2nd the Bullish Leg within the dominant Channel Up pattern that started after the July 11 2022 market bottom.
The 1st Bullish Leg posted a +1965% rise and was rejected exactly on the previous All Time High (ATH). We expect a similar rally, so our target is $3.2500.
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Aevo completed a setup for upto 26% pumpHi dear friends, hope you are well and welcome to the new trade setup of Aevo with US Dollar pair.
Recently we caught almost a nice trade of AEVO as below:
Now on a 2-hr time frame, AEVO has formed a bullish Gartley move for the next price reversal.
Note: Above idea is for educational purpose only. It is advised to diversify and strictly follow the stop loss, and don't get stuck with trade.
BCHUSD Strong rally but needs to break this historic ResistanceBitcoin Cash (BCHUSD) is posting a very aggressive 2-week rally but short-term buyers should get too comfortable as it is approaching a landmark Resistance. That is the Lower Highs trend-line that started on the December 2017 All Time High (ATH). The previous Bull Cycle got rejected on that trend-line, guided by a Channel Up, below the 0.786 Fibonacci retracement level.
As a result, we can only issue a buy signal above that trend-line, until then we will be looking for a buy entry close to the 1W MA50 (blue trend-line). In both cases (break-out and pull-back buy) our Target will be 1625 (Resistance 1 and previous Cycle's High).
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BITCOIN Can it hit $200k on this Cycle?Bitcoin (BTCUSD) continues to see enormous grow, despite the recent 2-week consolidation (blue circle) after breaking the previous All Time High (ATH). BTC is no stranger to such a consolidation as it also took it 3 weeks trading sideways when it hit the ATH during the previous Cycle in November 2020.
What followed after that was an aggressive rally marginally above the 1.618 Fibonacci extension and after a pull-back to the 1W MA50 (blue trend-line), it rebounded for a "Double Top" Cycle peak marginally above the 1.618 Fib one.
The two sequences are identical, and the similarities on the 1W CCI even are striking. Symmetry is at its best and it may be attributed to the fact that the dominant pattern for Bitcoin in the past 7 years (since July 2017), has been a Channel Up. The Fibonacci retracement levels offer an excellent display of the price movements and symmetry of the trends.
As a result, we are expecting a parabolic rally to break-out soon, with a first Target on the 1.618 Fib at $180000. If the same "Double Top" formation is followed, we can even see a Blow-off Top as high as $200000. Both of those targets are restrained below the 0.786 Fib level of the Channel Up. It BTC follows the standard Higher High pattern on Channel Ups, we may even see prices as high as $300k but best to take the more conservative route.
But what do you think? Can we reach $200k during this Cycle? Feel free to let us know in the comments section below!
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MPCUSDT Strong BUY on this RSI Bullish Divergence!Partisia Blockchain's capped-supply native token, the MPCUSDT, has attracted significant attention lately and since its listing last week, it has already started to develop key technical patterns that offer strong trading opportunities, while at the same time expanding fundamentally.
** Technical Analysis **
MPC has been trading within a Channel Down pattern since March 20 with the 1H MA50 (blue trend-line) - 1H MA100 (green trend-line) range as its Resistance Zone. Technically we would expect this trend to continue but the 1H RSI has formed Higher Lows while the price is on Lower Lows, which is an underlying Bullish Divergence.
As a result, we expect the price to break above the Channel Down soon and target initially the 2.0 Fibonacci extension at 0.5750. The absolute confirmation signal would be a candle closing above the 1H MA100, which gave the last two significant rejections.
Beyond that, if the price breaks above Resistance 1 (0.5915), we will buy again and target a continuation on Resistance 2 (0.6900).
** Fundamental Analysis **
The token's exciting future isn't limited to just the technical part. Partisia Blockchain’s most significant contribution to blockchain technology is secure multiparty computation (MPC). MPC protects data not only when it’s stored or communicated but even when it is processed. This security allows individuals and organizations to control their private data while allowing others to use it for specific purposes.
Since last week, we are getting very important announcements and developments from the team in Partisia's attempts to reshape Web3 with MPC technology and se new standards for blockchain security. Key partnerships, incredible milestones, competitions and listings on multiple exchanges gives us extra reasons to be so bullish on this true gem!
We are buying it now that it is still early!
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ICPUSD targeting $55.00Internet Computer (ICPUSD) is on the 2nd straight green 1W candle following the Higher Low pricing at the bottom of the September 2023 Channel Up. As the 1W MACD posted a Bearish Cross into Bullish Cross, we treat this as the start of the Channel's new Bullish Leg.
The previous Bullish Leg recorded +470% gains. Assuming a similar rise from the Higher Low, we are turning long again on ICP, targeting the 0.618 Fibonacci retracement level at $55.00.
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BITCOIN Brace for the strongest rally of the Bull Cycle.Bitcoin (BTCUSD) is about to enter the most aggressive part of the Bull Cycle, the Parabolic Rally. That is the final bullish sequence at the end of which leads to the All Time High (ATH) and new peak of the Cycle. What makes it the most aggressive part is its Higher Highs angle, which historically has been the greater on each and every Cycle.
More specifically, the Parabolic Rally tends to start after BTC breaks above its previous ATH (blue circle). Until then, the angle degree (°) of the Higher Highs is low, with the current Cycle being 31°, the previous one of 2019/20 at 18° and the one before of 2015/16 at 26° (2019/20 Cycle was taken as such in order to filter out both the Libra euphoria and the COVID crash). This trend-line starts at the same time the 'Accumulation Triangle' starts, which leads to the ATH rally test.
The Parabolic Rally in the last 2 Cycles has been 71° and 66° respectively. Each Cycle's ° degrees of the 2 Higher Highs trend-lines give a sum of 89° - 92°. Since the current Cycle has the first Higher Highs trend-line on a 31° angle, the Parabolic Higher Highs should be a minimum of 58°. This suggests that by June we may have hit the 100k psychological benchmark and by September even extend to $150000.
But what do you think? Have we entered the most aggressive part of the Bull Cycle and if yes, are such targets realistic that soon? Feel free to let us know in the comments section below!
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GALAUSD Strong long-term Buy.Gala (GALAUSD) has hit both targets (0.06200 being the last) since our last call (October 26 2023, see chart below) and has established itself above the 0.382 Fibonacci retracement level:
All MA periods have turned into Support levels, obviously the 1D MA50 (red trend-line) is the closer (short-term) one and a Higher Highs trend-line poses as the Resistance. Naturally, the new Bull Cycle aims on each and every Fibonacci retracement level upwards.
As long as the price actions stays under the Higher Highs trend-line, we can see it following a structurally timed rise with clear pull-backs (red Rectangles) and growth patterns (green Rectangles) that can potentially double each time.
As a result we set Target 1 on the 0.618 Fib at 0.17000. If at any point in time, the price closes above the Higher Highs, we will instead aim higher on the 0.786 Fib at 0.3500.
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Alt Season Reversal soon?Alt Season Reversal soon?
So far bullish season on alts going well. We might see a retrace near 800B. 823B is my point of interest where alt can go for liquidity run.
there is clean bullish divergence on USDT>D with Market Cap indicating a bullish move and a final leg before it retraces